Latest News
-
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible? -
TCS Vs Infosys: Dividend History And Upcoming Rewards, Which IT Giant Is Better? -
LIC New Jeevan Shanti 858 Plan: How To Earn Rs 10,000 Pension Per Month After Retirement? Check Eligibility! -
Kronox Lab Sciences Granted SEBI Approval to Initiate IPO -
Big News For F&O Traders! NSE To Launch Derivatives On Nifty Next 50 From April 24; Key Highlights! -
Aadhaar POI, POA Update: How To Submit Your Updated Identity, Address Proof Documents Online?
IDBI Bank Posts 3rd Straight Quarterly Loss At Rs 853 cr In Q1 On Higher NPAs
Gross non-performing assets (NPAs) soared to Rs 50,173.20 crore, or 24.11 per cent, in the first quarter of 2017-18, from Rs 27,275.15 crore in the year-ago period.
State-owned IDBI Bank on Monday ran up a net loss of Rs 853 crore for the first quarter ended June, mainly hurt by higher provisioning against bad loans.
It is the third straight quarter when the bank reported the net loss. The bank had posted a profit of Rs 241.10 crore in April-June of 2016-17.
Total income in the June quarter was Rs 6,730.88 crore, down from Rs 8,219.43 crore a year earlier, it said in a regulatory filing.
Gross non-performing assets (NPAs) soared to Rs 50,173.20 crore, or 24.11 per cent, in the first quarter of 2017-18, from Rs 27,275.15 crore in the year-ago period.
Net NPA was 15.8 per cent, up from 7.47 per cent in the year-ago quarter.
The stock closed at Rs 52.45, down 0.57 per cent from its previous close, on the BSE on Monday.
